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    News and Articles on Tax Form



    Recession-Proof Job? Non-Profit CEO  Nov 19, 2009
    It takes only a brief review of non-profit tax form 990's to see the problem. A surprising number of non-profits show virtually no admin and fundraising expense. (CBS News -- Evening News)

    Colgate president: Economic challenges wont hurt education focus  Nov 18, 2009
    2008 figures from 990 tax form filed with the IRS.. Those challenges include an endowment that lost more than $160 million or about 23 percent of its value during the recession. (Utica NY Obserer, NY)

    Guest commentary: Which is the biggest bang for the buck?  Nov 17, 2009
    Maybe I could even do it on last year's taxes as I then remembered the obscure CA-6 form in the Massachusetts tax form portfolio that allowed you to file an amended tax return for a previous year. What, I thought would it cost me to amend our family taxes and pay the 5. (Cambridge Chronicle, MA)

    California libraries - where the action is  Nov 8, 2009
    Fill out a job application or file a small-business tax form online. Librarians are not only expected to find information from myriad sources, but often also have to help technologically challenged patrons use and apply the materials they find. (San Francisco Chronicle -- Opinion)

    Tax time simplified - you can bet on it  Oct 25, 2009
    A one-page online tax form - in which the Tax Office pre-fills in all your income and assumes a standard deduction of $500, for instance - is likely. Just press go and collect your refund. (Sydney Morning Herald -- Australia)

    IRS will help in cases of hardship  Oct 20, 2009
    Also, how do I report it on my income tax form. Does the IRS need verification, such as copies of the transaction. (Fresno Bee -- Business)

    Knox County Public Library: Publications can aid stimulus-driven home purchases, upgrades  Oct 20, 2009
    Use IRS Tax Form 5695 to claim the Residential Energy Efficient Property Credit. This tax credit is only for a taxpayers primary residence, and the taxpayer should keep receipts and the manufacturers certification that the products meet the new stricter energy efficiency standards. (Vincennes Sun Commercial, IN)

    Dow crosses 10,000; on the right, crickets chirp  Oct 15, 2009
    Not sure what a 1021 is, but I sure as hell know about 1040 s (that s a tax form). I Report (-: You Whine )-: O Stands For Zero. (Atlanta Journal-Constitution -- Opinion)

    Disabled Veteran personal property tax exemption benefits offered  Oct 15, 2009
    Veterans and their families can apply for these benefits using the Texas Property Tax Form 50-135 for the basic personal property tax exemption and the Texas Property Tax Form 50-764 for the expanded benefit. The forms are available online at or may be picked up at the Bastrop County Appraisal District (BCAD) office, 209 S. Jackson St., Bastrop. (Elgin Courier, TX)

    Buzz Aldrin: A different kind of moon race  Oct 13, 2009
    Though I think NASA is an unconstitutional expenditure of money at a terrible time, I also believe that if there were a line on the tax form that allowed people to donate money to NASA for such a purpose, they would do so in large numbers because it is a very empowering thing. It sure would be nice to be asked for money rather than being held up for it. (Sydney Morning Herald -- Opinion)

    Oregon reports 8,000 jobs created or saved from stimulus spending  Oct 13, 2009
    Uncle Walt wrote on Oct 12, 2009 8:09 PM:" The $600 ... nobody really noticed. Honestly. It's spread out over your paychecks this year, and is another line item on your tax form at the end of the year. So, divide the $600 by the number of times you are paid a year - that number is the amount of "stimulus" you get each pay period. Did you even notice it? Probably not. ". fossagrimmin wrote on Oct 12, 2009 8:54 PM:" OMG all parties are corrupt..dont no body get it..am I the only one?? ". (Longview Daily News, WA)

    8,000 Tax Credit for First Time Hom...  Oct 8, 2009
    2009 Home Purchase Credit Questions & IRS Tax Form 5405 Information ... How to Claim $8,000 First Time Home Buyer Credit Use Revised IRS Tax Form 5405 ... IRS Tax Form 5405, First-Time Homebuyer Credit. (Suite101.com)

    Mich. House Starts Tax Votes; More Likely to Come  Oct 7, 2009
    35 for each person claimed as a deduction on their income tax form that they would have gotten without the freeze. The vote was 56-52 to put a 3 percent tax on doctors to raise more federal matching money for Medicaid programs. (ABC News -- Wire)

    Sales tax fee riles up retailers  Oct 6, 2009
    "It's an underhanded way to collect money for the state. I've had the same tax form for 25 years, and all of a sudden they decide they have to reregister you.". Campbell has owned his business 25 years, and this is the first time he's had to reregister. (Hudson Register Star, NY)

    N.J. man pleads guilty to hiding $5M from IRS in Swiss bank  Sep 26, 2009
    In a federal court hearing, Juergen Homann, 66, admitted he concealed more than $5 million from the by failing to file a special tax form in 2007 disclosing his account at Swiss banking giant UBS. He also acknowledged he failed to list the account and income received from it on his 2007 tax return. Homann, a dual citizen of the U.S. and Germany, pleaded guilty before U.S. District Judge Stanley Chesler. (USA Today -- Money)

    Atlanta Symphony chief to step down  Sep 23, 2009
    According to the Woodruff Arts Center s 990 Internal Revenue Service tax form, Vulgamore s total compensation for the 2007-08 season (the most recent available) was $628,593. That s a jump up from $466,094 one year earlier, according to tax forms. (Atlanta Journal-Constitution -- Metro)

    IRS would become Obamacare's enforcer...  Sep 4, 2009
    The IRS would then check the information it receives from the insurers against what you have submitted on your tax form. If it all matches up, you're fine. (The Drudge Report)

    ThurtenE delivers aid to questioned charity  Aug 26, 2009
    This claim was further supported by the FCCs 2007 tax form 990, which showed that the charitys total revenue that year was $3. 06 million, while their fundraising expenses were $2. (Washington University Student Life, MO)

    Sen.: 'Should be worried'  Aug 26, 2009
    everyonehasone wrote on Aug 24, 2009 2:58 AM:" I know this will come as quite a shock to most people but the "government" pays for nothing. It is the tax payers that pay for it. And since only about 1/2 of Americans pay the taxes and the rest suck off the system, we, the tax payer, do not want to pay for their health care simplely because that is what they want. On the next income tax form it should have a do you want a public insurance option, if yes add 10% more to your tax bill. Problem... (New Iberia, LA)

    Boycotting good ideas?  Aug 23, 2009
    Then, he offered some simple steps in the direction of permitting a marketplace in health care: (1) remove obstacles to Health Savings Accounts, (2) allow individuals the same tax-deductibility as businesses on medical insurance, (3) allow insurance companies to compete across state lines, (4) repeal government mandates on what ailments insurance companies must cover, (5) pass tort reform, (6) require transparency on medical bills, (7) enact Medicare reform (since it is headed for bankruptcy),... (Townhall.com)

    Own a grain or livestock truck? May need to file Heavy Use tax form  Aug 1, 2009
    May need to file Heavy Use tax form ... They were required to show a completed Form 2290, the Federal Heavy Use Tax Form, at the time of license renewal ... The Federal Heavy Use Tax Form is not difficult to complete, but it does have some peculiarities that a first time filer may have trouble understanding, Holcomb added. (Great Falls Prairie Star, MT)

    Sea Otter Funding Dries Up, Needs $40K  Jul 17, 2009
    Income Tax Form Check Off ... The Sea Otter Fund is in danger of being dropped from the California income tax form as a tax check off because the required $262,000 to stay on the list hasn't been raised. (KSBW 8, CA)

    Flat Tax Versus FairTax  Jul 14, 2009
    When they file their very simple 10-line income tax form, it will look something like this. Income- $50,000. (Suite101.com)

    National groups prepared to head to court on council's prayer policy (1872)  Jul 11, 2009
    Source: The foundation's 2008 990 tax form. The foundation prefers to settle the issue outside of court, Gaylor said, so it is waiting to see what the council decides. (Lodi News Sentinel, CA)

    Conservative group must ID its donors  Jun 30, 2009
    Butcher had filed forms to allow the president of Americans for Limited Government and another national group to access and monitor MIA s bank account; a Washington, D.C., attorney associated with Rich drew up the incorporation papers for MIA; the Montana group s 2007 tax form listed as its telephone number a Virginia number for Americans for Limited Government, Unsworth noted. Unsworth also said Butcher has refused to be interviewed by a state investigator and that MIA and its attorneys have... (Missoulian, MT)

    Kill the VAT Now and Forever  Jun 29, 2009
    It should be noted that some smart people are in favor of this tax form and they have good arguments. A few years back, I saw Arthur Laffer give a speech to the California Republican Party where he whole-heartedly endorsed the VAT. If you are not familiar with him, Dr. Laffer is the creator of the Laffer curve and quite a brilliant man. (Townhall.com)

    Pain of budget cuts may be doubled for some in Central Illinois  Jun 20, 2009
    My3Cents wrote on Jun 19, 2009 9:25 PM:" Those of you so concerned about salaries can find that information on the organizations 990 tax form. It's no secret. It's public knowledge. ". Beowulf wrote on Jun 19, 2009 9:03 PM:" A society is judged by how it treats its weakest citizens. ". (The Pantagraph newspaper)

    Street Fair organizers announce street closings, pet restrictions  Jun 6, 2009
    The winner of the 1,000 will receive a tax form 1099 from Central Bank and the winner will be responsible for all taxes due, both state and federal. All Contents Copyright. (Fulton Sun, MO)

    British banks revolt against Obama tax plan; May refuse American clients...  May 25, 2009
    Foreign financial institutions that handle American money have to fill in a US tax form on behalf of the client that has to be audited too. In return, the banks receive a QI seal of approval as a qualified intermediary. (The Drudge Report)

    meeting at RRHS for up coming seniors  May 14, 2009
    whataday wrote on May 2, 2009 1:24 AM:" The problem is that most so-called teachers are not really teachers. They are instructors. They have not been taught how to teach since they do not learn this in college anymore. That is the problem facing the entire country. Sure they get certified, but they get certified by people that no longer know how to teach. They get trained by people that do not know how to teach. They get trained to be instructors, not teachers.A good teacher would have control... (Roanoke Rapids Daily Herald, NC)

    Amended return shows Rendell won at slots  May 10, 2009
    A Harrah's worker handed him a tax form ... He reported his winnings on his 1040 tax form, which he filed jointly with his wife, a federal appellate judge, to the IRS last month. (Pittsburgh Post-Gazette, PA)

    Shipp: Polygraphing pols could purge pecksniffs  May 10, 2009
    Another politician-killing declaration: "I have never personally knowingly filed any incorrect ethics disclosure reports for lobbying or campaign efforts, (and) I have never knowingly filed a state or federal income tax form that contained false information or withheld income.". Then the capper: "Throughout my career, both in the private sector and in public service, I have never engaged in any illegal or unethical activity, whether for quid-pro-quo payment to myself or others, or to further the... (Athens Banner-Herald)

    Ron Fetch: FairTax defended again  May 5, 2009
    Under the FairTax, the individual consumer will never have to fill out a tax form or deal with the tax man again. Under the FairTax, every household receives a rebate designed to cover the tax consequences of spending up to the poverty line. (Athens Banner-Herald)

    About the Combined Federal Campaign  May 5, 2009
    Provide copies of its 990, the federal tax form required of most non-profit agencies, and undergo an annual audit conducted by a certified public accountant who is not an employee of the charity ... The investigation found: A network of charities tied to the Don Stewart Association, a Phoenix televangelism ministry, routinely reported on tax forms and to the CFC that they spent at least 93 percent of their revenues on program services. (AZCentral -- News)

    Checking on Charities  May 4, 2009
    Dozoretz declined to say how many children it served last year, and that information was not included on its tax form ... Dozoretz declined to say how many children it served last year, and that information was not included on its tax form. (Honolulu Star-Bulletin)

    Is Iowa at the Cusp of 'Change'?  May 4, 2009
    Two issues have emerged as critical: a government plan to prevent the deductibility of state taxes on the federal tax form and a state Supreme Court decision to mandate homosexual marriages. If subject to a vote, these proposals would lose 85 to 15 percent according to recent polls. (Human Events Online)

    Airline Employees Can Break Roth IRA Retirement Investment Rules with IRS Form 8935  May 3, 2009
    Delta, United, Northwest and other pilots and airline employees received IRS Tax Form 8935, which details the benefit payments that can be rolled into a Roth IRA. "The dollar figure on Form 8935 was received as income in a check from the airline - it was paid in exchange for the termination of the retirement plan due to the bankruptcy," Humphrey said. The airline employees most likely already paid tax on that amount when the money was received. (Yahoo News -- Press Releases)

    Start planning for 2009 taxes to benefit from rule changes  May 3, 2009
    But watch out: Instructions for the estimated tax form do not reflect many of the changes for 2009. IRS publication 505 on estimated tax and publication 919 on figuring withholding are more up-to-date, both available online or by calling the IRS at 800-829-3676. (Boston Globe)

    Who gets the money?  May 3, 2009
    But that document, the 990 non-profit tax form, provides only a limited depth of detail ... In one case, for example, a charity reported on a tax form that it received and donated $3 million in goods when it paid only $26,000 in shipping or handling costs ... Multiple charities can legally take credit for the same donation of goods on federal tax forms. (AZCentral)

    ThurtenE Carnival goes smoothly; questions surrounding charity still linger  Apr 20, 2009
    Biggs added that the FCC s 2007 tax form is not necessarily indicative of the charity s recent performance. If they can somehow break that contract, which is apparently binding, I think that their numbers would be competitive for all I understand, Biggs said. (Washington University Student Life, MO)

    Wise homeowners can benefit from stimulus  Apr 19, 2009
    To get the credit, look for a revised tax Form 5695 later in the year, then submit Form 5695 with your 2009 taxes next year. For tax purposes, make certain to obtain a "manufacture's certification" to ensure that the products qualify and keep all receipts for your records. (Anchorage Daily News)

    ThurtenEs selected charity currently under question  Apr 17, 2009
    This claim was further substantiated by the FCC s 2007 tax form 990, which indicates that the charity s total revenue that year was $3,059,886, while their fundraising expenses were $2,462,662 and direct expenses other than fund-raising totaled $77,241. According to ThurtenE s Web site, the FCC claims to have provided more than $1 million in assistance to 1,700 families and helped 7,200 lives since its inception in 1998. (Washington University Student Life, MO)

    Bring On The Taxes, Vermont Counterprotesters Say  Apr 16, 2009
    About two dozen people crowded around the state Tax Department's help window while organizers turned in single-signature petitions, designed to look like a tax form, that organizers called SOS-EZ forms. They list 17 state programs that could be kept whole with what organizers say would be a modest tax increase. (CBS News -- US)

    Bregman: Ticket to freedom is a line on your tax form  Apr 16, 2009
    Commentary: Ticket to freedom is a line on your tax form - CNN.com ... Commentary: Ticket to freedom is a line on your tax form ... And the material of your tax forms is your life. (CNN -- US)

    Tax protests  Apr 16, 2009
    Twenty-four hours of annual frustration and dread for law abiding citizens by the end of which they must send to the federal government either a completed tax form or a humble and carefully-phrased promise to do so in the very near future. There has always been a touch of drama to it - even though millions of Americans complete the forms online these days, some big city post offices still stay open until midnight for tax payers who fancy an adrenaline-charged last-minute drive to meet the... (BBC News)

    Why Do the Blind Get a Tax Break?  Apr 15, 2009
    But too much success can get you booted: In 2000, after two funds brought in $10 million to $15 million, each over 20 years, Michigan took them off its state tax form. (For more on how charitable organizations can get a tax-form check-off box, read from 2007. (Slate)

    How to claim Ike damage on income tax  Apr 15, 2009
    If your insurance company hasn t given you any money, you may be able to use Tax Form 4684 to deduct that $15,000 loss. You simply need to subtract $100 from it. (KHOU.com, TX)

    Glendale's Bead Museum faces closure  Apr 15, 2009
    The shop caters to crafters and helped the museum ring up close to $209,000 worth of sales in 2007, according to the non-profit's 990 tax form. The museum's financial prospects seemed promising at the start of 2009 but only because its sister venue, the Bead Museum Washington D.C., closed in December. (AZCentral -- News)

    IRS Probes Nonprofit Pay Practices...  Apr 7, 2009
    The IRS has intensified oversight of charities recently, through reports and an overhaul of nonprofits' annual tax form ... Ms. Lerner of the IRS said the agency's redesign of charities' annual tax form known as Form 990 will make it easier for people to find information on executive pay. (The Drudge Report)

    PROBLEM WITH ROLLOVER CD  Apr 5, 2009
    Then, last year, I realized that the bank hadn't sent me a tax form. So I called someone at the branch and she told me it was a dormant account and the money was sent to the state. (New York Post -- Business)

    Ex-Home Depot rug buyer sentenced for kickbacks  Apr 3, 2009
    4 million of the bribery money because the vendor filed a 1099 tax form. That made Johnston qualify for lower federal sentencing guidelines. (Atlanta Journal-Constitution -- Business)

    Breaks are available - even if you're not itemizing  Mar 29, 2009
    That means you may have to read the fine print in IRS tax form instructions and plow through worksheets to determine eligibility and the amount allowed. Need extra time. (Boston Globe)

    Doc shocks with startling Canadian facts  Mar 27, 2009
    Our government does not condone prostitution, though it does acknowledge its existence: the film points out that sex-trade workers have their own category on the Canadian tax form. "Isn't that amazing?" says Duncan, who previously took the Canadian health-care system to task in the documentary Medicare Schmedicare. (Globe and Mail -- Entertainment)

    Disclosure rules are more taxing for nonprofits  Mar 25, 2009
    Smaller nonprofits will be able to file the Form 990-EZ this year, Cyphers said, to ease the sector into the new tax form regimen. The (expanded) Form 990 is designed so it s more transparent, both from the perspective of the IRS and potential donors, Cyphers said. (San Jose Business Journal, CA)

    Obama: Lobbyist Requests Listed Online  Mar 21, 2009
    Let me tell you something, I worked for a rich pig who gave money to charities because he would be tax deducted NOT because of goodwill and he insisted that I put it on his tax form. No more greedy pigs and lobbyists running the white house, no more please. (CBS News)

    IRS offering tax form help on Saturday  Mar 17, 2009
    The Republican-American. Tuesday, March 17, 2009 3:12 AM EDT. (Republican-American)

    Lawmakers find ways to increase pay  Mar 9, 2009
    When they elect to do that, taxes are withheld and the amount is reported on the legislator's W-2 tax form as income, said Pam Varni, executive director of the Legislative Affairs Agency. For representatives, that amount is set at $8,000. (Juneau Empire)

    Paying For College In Tough Times  Mar 8, 2009
    It is a difficult form to fill out, like filling out a tax form. However, it's only six pages long.. (CBS News -- Early Show)

    Q&A: Will the stimulus bill benefit retired elders?  Mar 7, 2009
    5 million elderly and disabled individuals who did not get any ESP because they failed to file a 2007 IRS tax form by the deadline of October 15, 2008. For people who failed to file and therefore did not receive the ESP, the IRS is giving you a second chance. (Malden Observer, MA)

    Breast, cervical cancer research donation option on tax form  Mar 5, 2009
    If so, consider "checking 'yes' for breast cancer research." Line 35 on the PA-40 tax form gives filers an option to donate part or all of their refund to breast and cervical cancer research ... Halpin-Murphy explained that breast cancer research got onto the tax form thanks to the efforts of Michele Ridge, wife of then-governor Tom Ridge. (Springfield Sun, PA)

    Answers about the home-buyer tax credit  Mar 5, 2009
    First-time home buyers who have applied for the $7,500 temporary tax credit for a purchase within that time frame still can opt for the better incentive by filing an amended tax return using the 1040X tax form. Q: What are the purchase price and income requirements for receiving the full $8,000. (AZCentral -- Home)

    Political Grapevine  Mar 3, 2009
    The tax form, obtained by the Washington Times, shows that five pharmaceutical companies and the industry's main lobbying group gave $172,000 in donations in 2007 to the Utah Families Foundation which far exceeds what they could publicly give to Hatch's campaigns. The Utah Families Foundation disclosure brings to light transparency gaps that allow large sums of money to go to lawmakers' favorite causes without telling the public. (Fox News)

    EXCLUSIVE: The fog of congressional transparency  Mar 2, 2009
    The tax form, obtained by The Washington Times, shows that five pharmaceutical companies and the industry's main lobbying group wrote checks in 2007 to the Utah Families Foundation - some as large as $40,000 - that far exceed what they could give publicly to ... "This could be more common than we know," said Melanie Sloan, a former federal prosecutor who now heads the political watchdog group Citizens for Responsibility and Ethics in Washington, which first spotted the errantly released tax... (Insight on the News)

    GET ANSWERS: Stimulus Payment Questions  Feb 27, 2009
    The last stimulus payment required people to file an income tax form to get money, but this year, these checks should automatically be sent to social security recipients and SSI beneficiaries. Unlike last year's $152 billion tax rebate plan, the 51 million Americans who now get social security benefits should automatically get an additional $250 check from the federal government, without having to file any extra paperwork. (13WMAZ.com, GA)

    New-Home Buyers' Big Break  Feb 27, 2009
    Home buyers will receive the credit spread out over three years as $3,333 annually starting when they file their state tax form in 2010 for the 2009 tax year. They must certify that they will live in the home as their principal residence for at least two years. (San Francisco Chronicle -- Business)

    Stimulus credit still available  Feb 22, 2009
    See the instructions accompanying the tax form. The instructions also contain a worksheet for figuring out your rebate credit yourself. (Athens Banner-Herald)

    Choose your tax preparer wisely  Feb 20, 2009
    Because the taxpayer is ultimately responsible for all the information on the return, taxpayers should never sign a blank tax form. And they should review the return before signing it and ask questions on entries they don't understand. (Honolulu Advertiser)

    Letter: Senior Circuit Breaker Tax Credit program  Feb 20, 2009
    This program allows residents who are 65 or older claim a credit of up to $930 on their income tax form for the property taxes they paid on their home in 2008. Seniors can apply for the tax credit if they meet certain income guidelines and if the assessed value of their home is $793,000 or less as of January 1, 2008. (Hamilton Wenham Chronicle, MA)

    Another chance for extra cash from the taxman  Feb 20, 2009
    See the instructions accompanying the tax form. Notice 1378The instructions also contain a worksheet for figuring out your rebate credit yourself. (MSNBC -- Business)

    Joseph Upton: What’s your IQ?  Feb 17, 2009
    This can be achieved by having all those who file an individual income tax form, check off amounts from 1 to 10 per filing, per year. These funds, and only these funds would be used in congressional races. (La Crosse Tribune, WI)

    Eternal revenue  Feb 16, 2009
    One of the sharpest minds in finance, co-author of the hugely complex and expensive bailout plan for the US banks, and he cannot even fill in a tax form accurately. I used to have my doubts. (BBC News -- Americas)

    Sunday hunting desired  Feb 12, 2009
    One way is to look at line No. 27 on your state income tax form and donate to the Nongame and Endangered Wildlife Fund. "It is more important now than ever for people to consider this," Chris McGrath, wildlife diversity program coordinator, said from his home in Leicester, near Asheville. (News & Observer -- Sports)

    Nonprofits facing heightened transparency in new IRS form  Feb 10, 2009
    And some people such as Angie Adams, vice president of finance and operations for Big Brothers Big Sisters of Central Texas worry that many nonprofits aren t ready for the new Form 990, the tax form that tax-exempt organizations use to report information required by the IRS.. Most folks haven t grasped the changes, said Adams, who has taught a course to get nonprofit financial officers up to speed on how to prepare the new form by the May 15 deadline. (Austin Business Journal, TX)

    Millions await qualifying taxpayers (54)  Feb 8, 2009
    An overlooked tax form could add more money into your pocket from federal taxes, if you file for it ... An overlooked tax form could add more money into your pocket from federal taxes, if you file for it. (Coos Bay-North Bend The World, OR)

    What's In an Intranet Name?  Feb 8, 2009
    Why add to this challenge by giving your intranet a name that resembles the name of an income tax form. Coupling a catchy name with a clever campaign can do a lot to take the techie edge off an IT system. (IntranetJournal)


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